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Dec 5, 2012
12/12
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we did, bob. we did. got it. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. heartburn symptoms causedelieve by acid reflux disease. offering some of our best values of the year. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> kate kelly has the later on the fallout. you've been working this story hard. >> i have. we've just learned that citigroup's private ba
we did, bob. we did. got it. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. heartburn symptoms causedelieve by acid reflux disease. offering some of our best values of the year. osteoporosis-related bone fractures and low magnesium levels have been seen with...
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Dec 10, 2012
12/12
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bob corker was on our air earlier today, senator from tennessee and said tax rates ought to go up, then we fight about entitlement accounts and the debt limit. i think that's where we are. one thing we need to see from the white house is some sign of what they are willing to give speaker bainer to bring his caucus along on tax rates in terms of entitlement reforms. can't be for nothing. boehner has to be able to tell his members, that i'm getting a good deal, if you raise taxes for people at the top. >> okay, john, thank you very much. >>> in the meantime, if those negotiations fail, are the markets ready to handle a fall off the face fiscal cliff? joining us, david, great to have you with us. >> thank you. >> hold on, thelma. hold on louise. can will markets handle it? >> i think we can handle it. it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash in markets as a fall
bob corker was on our air earlier today, senator from tennessee and said tax rates ought to go up, then we fight about entitlement accounts and the debt limit. i think that's where we are. one thing we need to see from the white house is some sign of what they are willing to give speaker bainer to bring his caucus along on tax rates in terms of entitlement reforms. can't be for nothing. boehner has to be able to tell his members, that i'm getting a good deal, if you raise taxes for people at...
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Dec 19, 2012
12/12
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i wasn't being funny, bob. i know. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased
i wasn't being funny, bob. i know. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or...
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Dec 13, 2012
12/12
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let's get out to bob. let's get out to rick. first, i want to ask you, bob, how much of this is due to the fed as opposed to the fiscal cliff. >> i'm not discounting the fiscal cliff but i think a lot of this is sell on the news related to the federal reserve. we have seen this news before. remember, take a look at the s&p 500. i don't think it is a coincidence we hit the highs of year september 14th. that's the day after the fed meeting when they announced quantitative ease meetings. they bought into the fed meeting then started selling immediately after. we saw thmovie before and they e doing this before. two months high on the dow jones industrial, a two-month chart of the dow jones industrial average, and you will see. there are the highs. and we are drifting lower here. i put more of this on sell on the news of the fed. spike and bond yields got a lot of e-mails talking about inflation in 2013. this has not been a successful trade but number of the etfs exist out there. spider gold trust with the classic hedge against infla
let's get out to bob. let's get out to rick. first, i want to ask you, bob, how much of this is due to the fed as opposed to the fiscal cliff. >> i'm not discounting the fiscal cliff but i think a lot of this is sell on the news related to the federal reserve. we have seen this news before. remember, take a look at the s&p 500. i don't think it is a coincidence we hit the highs of year september 14th. that's the day after the fed meeting when they announced quantitative ease meetings....
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Dec 13, 2012
12/12
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be careful. >> thanks, bob. appreciate it. >> this week i paid a visit to blackrock's trading floor. first time cnbc has been allowed access there, in fact. we got their outlook for 2013. blackrock president robert kapito oversees the firms as pepts here is what he said about the fiscal cliff and beyond. >> when you say they will take it to a crisis, does that mean we go over the fiscal cliff? >> there is a very high likelihood that it does or be at 11:59 on december 31st with a lot of hoopla. but the reality is, in some form or another, tax rate will go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it means is slow growth. it may mean that we lose the entire first quarter because everybody is still worrying and talking about the issue. and here we go, clients again, underinvested at a time when they need to be invested. >> if they just kick the can down the road, is that good enough? >> uncertainties r's always the worst thing. there is n
be careful. >> thanks, bob. appreciate it. >> this week i paid a visit to blackrock's trading floor. first time cnbc has been allowed access there, in fact. we got their outlook for 2013. blackrock president robert kapito oversees the firms as pepts here is what he said about the fiscal cliff and beyond. >> when you say they will take it to a crisis, does that mean we go over the fiscal cliff? >> there is a very high likelihood that it does or be at 11:59 on december...
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Dec 3, 2012
12/12
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let's get out to bob pisani. so much for december being a good month for stocks. >> well, we're just starting out but the big story i think is that no progress on the fiscal cliff. it is not bothering stocks yet. it will soon but as of today it is not. instead it was the rather poor i scht m number that came out, lowest since july 2009. just off the lows for the day. i think the important thing is if you look at sectors here, transports, materials, all the risk-on trades, industrials, all to the downside. getting a modest up side from technology stocks as dell got an upgrade today. >>> finally i just want to point out, another day gold is up, gold stocks are to the downside. this has been going on for a long time. take a look here. there's gold for the year. there's gold stocks. look at this underperformance for gold stocks. this has been happening because people more and more are putting money when they want to be in gold and inflation into the gold directly rather than the gold stocks. again this has been a tre
let's get out to bob pisani. so much for december being a good month for stocks. >> well, we're just starting out but the big story i think is that no progress on the fiscal cliff. it is not bothering stocks yet. it will soon but as of today it is not. instead it was the rather poor i scht m number that came out, lowest since july 2009. just off the lows for the day. i think the important thing is if you look at sectors here, transports, materials, all the risk-on trades, industrials, all...
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Dec 11, 2012
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in 30 minutes, senator bob corker and kent conrad. and at 9:00 eastern, representative scott garrett and sander levin. remember "squawk on the street." >> that's right. "squawk on the street" we have a lot to come, as well. the two senators we're talking with next, two members of the gang of eight now. we'll talk to them. guys we'll send it back to you right now. >> great. thanks, guys. appreciate that. we are now, though, going to flip it over to phil lebeau who is in new york and he's got breaking news. >> as expected we knew that delta was in negotiations to buy 49% stake in virgin atlantic. the deal has been completed. the price is $360 million for that delta will increase its access to heathrow. that's really the key here. 31 daily nonstop flights. that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this mor
in 30 minutes, senator bob corker and kent conrad. and at 9:00 eastern, representative scott garrett and sander levin. remember "squawk on the street." >> that's right. "squawk on the street" we have a lot to come, as well. the two senators we're talking with next, two members of the gang of eight now. we'll talk to them. guys we'll send it back to you right now. >> great. thanks, guys. appreciate that. we are now, though, going to flip it over to phil lebeau who...
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Dec 7, 2012
12/12
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bob, tally the week up for us. >> we're up fractionally on the dow. dow had a pretty good week overall. higher priced names like ibm did well but the s&p is basically flat. we're in a holding pattern. this is the market when you get big moves on either side, big gainers here -- financials on the up side and industrials. materials had a rather ugly week. tech large by because of apple but some sectors did pretty well. two breakouts this week that really turned around here. financials. the citigroup announcement sparked some interest here. most of the big financial names for the day. you'll see financials are on the up side again today. jpmorgan, morgan stanley, citigroup, bank of america an regents financial. all had great weeks overall. the other big turnaround, computer hardware. not talking about apple. apple's had a lousy week. down 9%. but look. a simply disastrous month or two forle dell and hewlett-packard. all tornado around nurned aroun. apple today, sitting right near the lows for the week. lost about $50. we started around $585 for apple at
bob, tally the week up for us. >> we're up fractionally on the dow. dow had a pretty good week overall. higher priced names like ibm did well but the s&p is basically flat. we're in a holding pattern. this is the market when you get big moves on either side, big gainers here -- financials on the up side and industrials. materials had a rather ugly week. tech large by because of apple but some sectors did pretty well. two breakouts this week that really turned around here. financials....
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Dec 13, 2012
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. >> bob pisani is here this morning more on what's moving. hey, bob? >> let you know about an ipo pricing down here, pbf energy here operation 20.5 million shares at 26. this looks ready to open at 28. the book is frozen right now so that means that the -- the specialist you can the dmm here has indicated the final price is in, it looks like pbf is going to open right now at $28, one of two ipos down that are priced today, solarcity pricing over on the nasdaq that is not yet open. get to more on that shortly. guys, mentioning when will the bond bubble burr president? big topic overnight that i was getting, at least. the feds actually yesterday, yields spiking up, reignited this debate. remember, this was the big call at this time last year, 2012, the year the bond bubble burst. by the way, it hasn't abated. it has continued into the fourth quarter of this year, despite other people's predictions. seen continue outflows in stock mutual funds, the call for 2012 the wrong call, reignited, you mentioned ray dal yo, dave rubenstein talked about how the next
. >> bob pisani is here this morning more on what's moving. hey, bob? >> let you know about an ipo pricing down here, pbf energy here operation 20.5 million shares at 26. this looks ready to open at 28. the book is frozen right now so that means that the -- the specialist you can the dmm here has indicated the final price is in, it looks like pbf is going to open right now at $28, one of two ipos down that are priced today, solarcity pricing over on the nasdaq that is not yet open....
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Dec 19, 2012
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although we made more than 100 requests, no one would let bob simon into a mine in harlan county. so to see firsthand how mining can be so dangerous, he visited a mine in neighboring pike county. >> is everybody all right? okay. >> the tunnel is 5 to 7 feet high and 20 feet across. you can hear the coal's ominous snap, crackle, and pop caused by the enormous weight of the mountain above us, pressing down on the coal seam. the tunnel is so long that miners don't walk to work. they squeeze into squat little rail cars called "man trips" for a 20-minute commute that feels less like disneyland and more like a ride into hell. on both sides of the tracks, we saw rocks that had fallen from the ceiling. the black coal walls of the tunnel had been sprayed with crushed limestone to control the amount of coal dust in the air. coal dust can fuel explosions. it also causes a fatal illness, black lung disease. this is the face of the mine, two miles from the shaft and 1,400 feet underground, and this machine is called a continuous miner. it claws its way through the mountain, mining coal and dig
although we made more than 100 requests, no one would let bob simon into a mine in harlan county. so to see firsthand how mining can be so dangerous, he visited a mine in neighboring pike county. >> is everybody all right? okay. >> the tunnel is 5 to 7 feet high and 20 feet across. you can hear the coal's ominous snap, crackle, and pop caused by the enormous weight of the mountain above us, pressing down on the coal seam. the tunnel is so long that miners don't walk to work. they...
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Dec 10, 2012
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bob corker will join us yet. will we go over the fiscal cliff. >> plus, apple official lofficit weekly loss since 2010. we're going to get your technical analysis still ahead. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. for over 60,000 california foster children, the holidays can be an especially d
bob corker will join us yet. will we go over the fiscal cliff. >> plus, apple official lofficit weekly loss since 2010. we're going to get your technical analysis still ahead. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but...
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Dec 18, 2012
12/12
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i wasn't being funny, bob. i know. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> ever since the horrific hurricane sandy rolled through the northeast wrecking everything in its path, i've been telling you that there are two sides to this natural disaster coin. on the one side, of course, most terrible, sandy was an absolutely horrible human tragedy. caused tens of billions of dollars worth of property damage. the flip side is that the superstorm could turn out to be an economic shot in the arm for the northeast and the entire country because it was that bad. because of all the ruined property. houses, cars. we've mentioned cars already. you name it. it needs to be replaced. and tonight i've got another company involved in the rebuild after sandy. this time it's a little diff
i wasn't being funny, bob. i know. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> ever since the horrific hurricane sandy rolled through the northeast wrecking everything in its path, i've been telling you that there are two sides to this natural...
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Dec 12, 2012
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brian, back to you. >> bob, thank you very much. now over to rick santelli is the cme for dollar and bond reaction to the fed. rick, before you give us just the numbers. i guess, then, what we just heard from the fed is this. if unemployment never goes below 6.5% again, we're going to have a quarter percent, 25 basis point fed funds forever. >> basically, they president doed tdo -- they adopted the evans rule, so chicago has to take some responsibility. they might as well have tied it to the orbit of venus because they're not impacting that any more than they are the unemployment rate. it will be around forever. let's look at the markets. they may not be around forever. if we look at what was impacted the most, start at currencies. if you look at the dollar/yen. the dollar/yen was around 83.10 before. it went down knee jerk and came back and is now even higher on top of an overnight run on the dollar because they expected qe4. it's a race to see if they can buy more lumber futures for printing currency between the japanese and the a
brian, back to you. >> bob, thank you very much. now over to rick santelli is the cme for dollar and bond reaction to the fed. rick, before you give us just the numbers. i guess, then, what we just heard from the fed is this. if unemployment never goes below 6.5% again, we're going to have a quarter percent, 25 basis point fed funds forever. >> basically, they president doed tdo -- they adopted the evans rule, so chicago has to take some responsibility. they might as well have tied...
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Dec 18, 2012
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bob, you go first this time? >> look, it's very tough of the company has a right to ask stores to stay open, franchisees to stay open. they need to increase their numbers. they were good last year. >> open thanksgiving. >> up 2%, helped a little bit. people who want to stay with their family should not be forced to do so. subtle pressure on franchisees to do it, put pressure on franchisees to coin. i'm not sure mcdonald's needs that image. >> i think it's terrible. people who object to it should refuse to enter mcdonald's, not just on christmas day but the entire week around christmas. send them the message we think christmas is important and we're not going to let them force employees to do this. >> john carney, they have tarnished the golden arches a bit in your opinion. thanks, guys. appreciate it. in the next hour herb greenberg will reveal the worst ceo of the year. that's coming up on st. petersburg at 2:00 p.m. eastern time. thanks, guys. back at 2:00. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what
bob, you go first this time? >> look, it's very tough of the company has a right to ask stores to stay open, franchisees to stay open. they need to increase their numbers. they were good last year. >> open thanksgiving. >> up 2%, helped a little bit. people who want to stay with their family should not be forced to do so. subtle pressure on franchisees to do it, put pressure on franchisees to coin. i'm not sure mcdonald's needs that image. >> i think it's terrible....
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Dec 17, 2012
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and bob, where has the money flow been? are you having any expectations of where the leadership in this market is in 2013? is this the same group, sam? >> no. i think what we're seeing first off is a muted v-shape recovery. where the bottom's occurring arounded the globe by the end of this year, first quarter of next. our belief is that we're likely to see growth by the industrials which traditionally or at least in the recent past have been underperformers. but have held up well during the most recent selloff. we still like consumer discretionary. they're getting pricey, but we think there's good stek kals behind them. and our belief is that here good growth, major pharmaceuticals likely to be improving their drug pipelines in the years ahead. and so in a sense you go cyclical as you enter into '13. >> the industrial move up is on the china has bottomed play. which is very, very prevalent and very popular right now. it's still kind of -- the jury is still out, but they're definitely buying recently in china. elsewhere you
and bob, where has the money flow been? are you having any expectations of where the leadership in this market is in 2013? is this the same group, sam? >> no. i think what we're seeing first off is a muted v-shape recovery. where the bottom's occurring arounded the globe by the end of this year, first quarter of next. our belief is that we're likely to see growth by the industrials which traditionally or at least in the recent past have been underperformers. but have held up well during...
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Dec 14, 2012
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. >>> let's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 points. the dow lost in early trade. a little more modest in the s&p, down 4.25%. traders saying the fiscal cliff headlines will continue to dictate trading. and here there was a little reaction in the futures market ahead of today's opening bell on the data and the better than expected production numbers. overseas, last night we did have some more bad news out of japan with business sentiment there weakening. as melissa was mentioning earlier, positive news on the manufacturing front in china. that's giving a lift, as she pointed out, to a number of mining stocks. while it's also giving a lift to energy, or to oil prices this morning, i should point out, some of the big name oil companies were a little bit lower in early trading, again, those being exxon as well as chevron. the traders said the bid in the market remains strong despite concerns about the fiscal cliff in large part because the investors remain positive going into 2013. this is the
. >>> let's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 points. the dow lost in early trade. a little more modest in the s&p, down 4.25%. traders saying the fiscal cliff headlines will continue to dictate trading. and here there was a little reaction in the futures market ahead of today's opening bell on the data and the better than expected production numbers. overseas, last night we did...
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Dec 28, 2012
12/12
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don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. zwroo you can see there's some action. getting to see some traffic th
don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. let'for an idea.s - a grand idea called america. the idea that if you work...
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Dec 4, 2012
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we did, bob. we did. got it. >>> shares of toll brothers are rising beating estimates helped by a jump in signed contracts and a drop in cancellation rates. every metric in this report came out gangbusters and the ceo cited this upswing in momentum that began in the first quarter of this year. they say next signed contracts increased quarter by quarter. 45%, 51%, 66% and 75%. now that's a case for momentum sustained here. >> the question is auto. obviously tremendous demand. home tremendous demand. can these do well even if we go over the cliff. momentum here was so amazing. we all know if they go over the cliff, payroll tax, you'll see less in your check. this toll brothers, you buy $500,000 houses. people are buying them like they haven't in five years, six years. >> a comment on five weeks into their first quarter, net signed contracts up 34%. for the previous quarter, a quarter over quarter, up 60%. at some point these numbers are going to flatten out, right? >> yes. we had a tremendous contraction in
we did, bob. we did. got it. >>> shares of toll brothers are rising beating estimates helped by a jump in signed contracts and a drop in cancellation rates. every metric in this report came out gangbusters and the ceo cited this upswing in momentum that began in the first quarter of this year. they say next signed contracts increased quarter by quarter. 45%, 51%, 66% and 75%. now that's a case for momentum sustained here. >> the question is auto. obviously tremendous demand. home...
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Dec 11, 2012
12/12
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bob pisani, thanks so much. back to you. >> we've gotten the word electric washington, now the street. chief global strategist and senior portfolio manager at huntington asset managers. i came down here fairly optimistic, seemed to believe something would get done. we've spoken to three or four congressmen, especially in the house, they are far apart. lee terry from nebraska said, guess what, my constituents have no interest in giving in to a tax hike. >> clearly what you're hearing is sort of where we've been for some time now, a portion of the house elected in uncompetitive districts see really no reason to compromise with the other side and leave aside the philosophical differences for the two. how these two come together in the next couple of weeks is really something that remains to be seen. we know taxes are going up. the question is by how much the spending side of things. you're simply not going to get republicans to vote in favor of a tax increase unless they are given something. >> i don't understand w
bob pisani, thanks so much. back to you. >> we've gotten the word electric washington, now the street. chief global strategist and senior portfolio manager at huntington asset managers. i came down here fairly optimistic, seemed to believe something would get done. we've spoken to three or four congressmen, especially in the house, they are far apart. lee terry from nebraska said, guess what, my constituents have no interest in giving in to a tax hike. >> clearly what you're hearing...
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Dec 21, 2012
12/12
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i wasn't being funny, bob. i know. >>> welcome back. intercontinental exchange and nyse are lower today at news of their $8 million merger. >> you get it, cold as ice? >> bob gets it. >> we never hesitate to play an old rock song from the '70s. i.c.e. is down 2.7%. i'll tell you why this is important. because you get a multiple of ice for your nyse shares, .17 shares of i.c.e., plus a tax component. as i.c.e. goes down, the money the nyse shareholders will get goes down. i.c.e. does not pay a dividend, but the nyse does. i.c.e. did commit to paying a dividend yesterday, $3 must know million is what they committed. that's very good news for nyse share hold erts. the second thing is, 28% premium for nyse shareholders. that premium is based on some significant cost energies. that's a fancy word for generally head count reduction. they were talking about $300 million in additional cost reduction on top of what they're already doing. so a lot of my friends up hstai at the nyse a little nervous about what that means for 2013. guys, back to yo
i wasn't being funny, bob. i know. >>> welcome back. intercontinental exchange and nyse are lower today at news of their $8 million merger. >> you get it, cold as ice? >> bob gets it. >> we never hesitate to play an old rock song from the '70s. i.c.e. is down 2.7%. i'll tell you why this is important. because you get a multiple of ice for your nyse shares, .17 shares of i.c.e., plus a tax component. as i.c.e. goes down, the money the nyse shareholders will get goes...
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Dec 17, 2012
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our guest host for the hour is bob doll. and bob, i was just looking through the "usa today" money section. you're on the cover of it. >> i see. >> in the investment roundtable section. it says here that the biggest issue, biggest deciding factor for how the next year is in terms of market is going to be washington? >> politics is the biggest risk. absent that risk there's some good things happening. but that risk can trump everything if they make the wrong move back to an earlier conversation. >> we speak with michelle meyer in the last hour and she's really concerned that no matter what happens, because you're going to see some sort of a deal it's going to mean some austerity. that very likely is going to cut into the consumer. if you don't have the businesses stepping back up in terms of investment is that going to be the vicious cycle that kind of kicks in? >> yeah, we need corporations to step up back to this uncertainty. if we get a little less unstirn, some of that cash needs to be put to work. consumers aren't going
our guest host for the hour is bob doll. and bob, i was just looking through the "usa today" money section. you're on the cover of it. >> i see. >> in the investment roundtable section. it says here that the biggest issue, biggest deciding factor for how the next year is in terms of market is going to be washington? >> politics is the biggest risk. absent that risk there's some good things happening. but that risk can trump everything if they make the wrong move back...
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Dec 14, 2012
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i wasn't being funny, bob. i know.
i wasn't being funny, bob. i know.
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Dec 29, 2012
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we did, bob. we did. got it. >> once again, our developing story tonight, no deal still on the fiscal cliff. president obama handing the matter over to the senate leaders and without any resolution, many people are scrambling to shore up their finances. hampton pearson has the fiscal cliff frenzy. hampton. >>? >> you got it, michelle. we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to protect assets of going over the fiscal cliff, planners and wealth managers say it's been a banner year especially for estate planning and here's a couple of reason yes. there's a big change coming with the gift tax. right now there's a $5 million exempted and the tax rate is 35%. on midnight on new year's eve the exemption drops to 1 million and the tax rate goes on 55% and the capital gains tax rate expected to increase from 15% to 20% and the brand new 3.8% medicare tax on wage earners above 200,000 a year and a possible future cap
we did, bob. we did. got it. >> once again, our developing story tonight, no deal still on the fiscal cliff. president obama handing the matter over to the senate leaders and without any resolution, many people are scrambling to shore up their finances. hampton pearson has the fiscal cliff frenzy. hampton. >>? >> you got it, michelle. we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to...
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Dec 12, 2012
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i'm here with bob and michael once again. bob, we will start with you. up 75 point on the dow jones. we still have the fed news conference to go, though. >> yeah, here is what is important. there is a tug-of-war going on between the stock market and book market. stocks love stimulus. infinite for stimulus. stim lut infinity. if you look at major sectors. big global gloej areas. industrials, materials, all of your energy stocks. all are kind of moving to the upside today. here is the problem. the bond mark set scared to death of the inflation implications of what the fed is doing today. so if you look at bond yields you will see a big move up in bond yields. if you look at the dollar, the dollar weakened because of course, stimulus means of course cheaper dollar over all. there is a real tug-of-war going on between the stock and bond market. >> we were talking earlier that bond market sees there is a finish line. once we have numbers pegged, they say, rates aren't going to be low forever. if the bond market sees unemployment at 6% or 6.99%, you have seen
i'm here with bob and michael once again. bob, we will start with you. up 75 point on the dow jones. we still have the fed news conference to go, though. >> yeah, here is what is important. there is a tug-of-war going on between the stock market and book market. stocks love stimulus. infinite for stimulus. stim lut infinity. if you look at major sectors. big global gloej areas. industrials, materials, all of your energy stocks. all are kind of moving to the upside today. here is the...
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Dec 10, 2012
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>> we've got bob from s&p capital iq. steven wood and gordon shallop. great to have you all on the show. you normally get the priority of speaking first. what are you doing right now? >> right now we're anticipating for volatility. we knew it was going to be a volatile fourth quarter. there's a lot of policy induced volatility. that said, the economy in the united states has not changed that much. it's grinding along. that recovery we've been talking about for a long time. so it's measurably positive, not robustly positive. that's kind of doing battle with just about offsetting some of the policy risk. >> the fear is all that changes if we go over the cliff. >> it would. right now the forecast is there's some compromise. there's a short-term compromise. they buy time. and they use that to get the silhouette of a grand bargain. if they use the time well, the markets could like that. if we do go off the cliff, that's 8% of gdp. >> what's your expectation, bob? >> we put out a research saying the fiscal cliff was going to consume investors' attention until
>> we've got bob from s&p capital iq. steven wood and gordon shallop. great to have you all on the show. you normally get the priority of speaking first. what are you doing right now? >> right now we're anticipating for volatility. we knew it was going to be a volatile fourth quarter. there's a lot of policy induced volatility. that said, the economy in the united states has not changed that much. it's grinding along. that recovery we've been talking about for a long time. so...
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Dec 5, 2012
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plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of success are the ones that you negotiate behind closed doors, not the ones that turn into hostile battles and spill out into public, which is what we're seeing noup. >> i understand that, but at the same time, what wh are we going to have a deal already? people are so frustrated by this. we've had 13 months to think about. now we're down to 26 days. bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that's what everybody wants to know. >> if everybody thinks we ought to get to a deal, we'll get to a de
plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of...
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Dec 19, 2012
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we did, bob. we did. got it. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. >>> good evening bertha. >> good evening. hopefully it will be averted. the di
we did, bob. we did. got it. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our...
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Dec 15, 2012
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it's a sad story, bob. >> it is a sad story but very important. we focused a lot on the income tax, capital gains rate, dividends tax. this is huge for the wealthy. right now, you can give up to $10 million per couple to friends, heirs, whatever and then the tax kicks in. next year, that drops to $1 million and the rate goes from 35% to 55%. if you have a large estate, this is a huge amount of money. what's happening is you have all these wealthy families transferring millions, billions of dollars probably to their heirs in advance of this tax increase. >> in the next couple of weeks. >> it's happening right -- i've talked to trust and estate attorneys who have no time to talk to me because they're doing so many transactions for these people. >> i was reading, the president's estate tax idea, he doesn't want to go back to 35% and $5 million single, $10 million married. he wants 45% and a $1 million exemption. what i'm suggesting is either way, people are right to do what they're doing because they have the best break they're going to get right now
it's a sad story, bob. >> it is a sad story but very important. we focused a lot on the income tax, capital gains rate, dividends tax. this is huge for the wealthy. right now, you can give up to $10 million per couple to friends, heirs, whatever and then the tax kicks in. next year, that drops to $1 million and the rate goes from 35% to 55%. if you have a large estate, this is a huge amount of money. what's happening is you have all these wealthy families transferring millions, billions...
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Dec 17, 2012
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rbc says that's a good sign for the stock. >> and give a shout out to our friend, bob. what is he doing with this? usg. >> another rbc call. bob wp good for this show. raising usg to 35 bucks and putting this in his firm's top pick groups. sees 10% jump in board sales. home improvement trends tend to get bet are. they will make more money on each wall board. >> i cannot get through each day without at least six cups of coffee, which is good for a company like there, caribou. >> i have to say it is my favorite coffee. but they are gone now. because privately held german company is buying caribou. interestingly enough, they coupled and bought peet's coffee. they are becoming a german starbucks competitor. if you own caribou off toy stib this morning, congratulations. cutting price target to 675 to 575, this is despite report that apple sold more than 2 million iphone 5s in three days in china. remember all of the lines, everybody freaked out. didn't matter. they had lottery ticket. still sold iphones in china eye poen is 51% of apple's total revenue. you cannot understate
rbc says that's a good sign for the stock. >> and give a shout out to our friend, bob. what is he doing with this? usg. >> another rbc call. bob wp good for this show. raising usg to 35 bucks and putting this in his firm's top pick groups. sees 10% jump in board sales. home improvement trends tend to get bet are. they will make more money on each wall board. >> i cannot get through each day without at least six cups of coffee, which is good for a company like there, caribou....
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Dec 26, 2012
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i wasn't being funny, bob. i know. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. >>> welcome back. i'm mary thompson. we're looking at shares of jds, its shares just about at 90% after the price target on the stock was raised to $16 from $12. the company is optimistic about its sales of optical equipment going into 2013. it also says it believes the company actually took shares in the downturn in the telecom equipment market. >>> slew of new rules go into effect next year as part of president obama's health care overhaul. what will it me
i wasn't being funny, bob. i know. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or...
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Dec 26, 2012
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we did, bob. we did. got it. >>> welcome back. it's time now for our top three trades. the first one is right on the wall behind me. there it is, it's netflix. those shares are reversing. they're up today despite the fact that the company had the untimely outage on christmas eve. they're blaming that problem on servers operated by amazon. it's up a couple of percentage points. >> reed hastings should be singing "looks like we made it" by barry manilow. talk about the timing, i actually think it was very good timing in terms of the outage. 3:30 christmas eve. no one really is paying attention or really even realizes it. it's back up and running for christmas morning when people are actually using netflix. perfect timing. stock continues to move. i think it's going above 100. >> maybe a lucky break. >>> next, ford shares are driving higher with unusual options activity. pete, what do you see? >> this has been happening since monday. if you look at monday, you can see the january 13 calls why extremely active. a half day of trade and everybody was basically sleep walking.
we did, bob. we did. got it. >>> welcome back. it's time now for our top three trades. the first one is right on the wall behind me. there it is, it's netflix. those shares are reversing. they're up today despite the fact that the company had the untimely outage on christmas eve. they're blaming that problem on servers operated by amazon. it's up a couple of percentage points. >> reed hastings should be singing "looks like we made it" by barry manilow. talk about the...
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Dec 21, 2012
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bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> to chew on this we bring in our pam. heather and interesting our congressmen, at least one of them, wanted to know why the republican party is going through this plan b exercise. that was conservative house member jim jordan. why are they going through this? >> well, one alterly sympathizes with his point of view. he had great legislation. tried to bring it up again in a current form. the reason that they're going through it is that the republican party has essentially two pieces. it has the highly conservative fisk fisk cale fisca
bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of...
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Dec 14, 2012
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i wasn't being funny, bob. i know. >> 17 days until the fiscal cliff. a key republican lawmaker, congressman kathy mcmorris rogers talking about whether her party would be willing to raise taxes if democrats agreed to serious spending cuts. also, are we on the verge of a market meltdown if a deal is not reached in a timely manner. we'll look at both sides of that issue and we'll hear from somebody who says the biggest trouble facing the fed right now is congress, not the fiscal cliff. maria and i will see you at the top of the hour for the the last hour of the trading day. >>> let's get you up to date on the horrific breaking news in connecticut. at least 18 children shot and killed according to reports. let's get more. bertha, tell us about the latest that we know. >> nbc news today officials have confirmed to them the name of the alleged gunman is 24-year-old ryan lanza, a connecticut man. those officials tell nbc news that he apparently had targeted his mother who works at the connecticut elementary school. sandy hook in newtown, connecticut, and had
i wasn't being funny, bob. i know. >> 17 days until the fiscal cliff. a key republican lawmaker, congressman kathy mcmorris rogers talking about whether her party would be willing to raise taxes if democrats agreed to serious spending cuts. also, are we on the verge of a market meltdown if a deal is not reached in a timely manner. we'll look at both sides of that issue and we'll hear from somebody who says the biggest trouble facing the fed right now is congress, not the fiscal cliff....
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Dec 4, 2012
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bob pisani is here on the floor of the nyse, steady as she goes, caught in the narrow range today. >> sectors either side of positive or negative, a few individual groups are meeting, i want to highlight, a lot of questions about the retailers. historic high yesterday a number very weak. a lot of questions on gap. the reason gap is down is made some very cautious comments on gap, citing competition concerns, specifically talked about kohl's high inventory level that might cause them to be aggressive with promotions. weather unseasonably warm, not good for apparel. consumers hesitant. dashed.came out cutting guidance, own red lobster, cited consumers out there. playing in with the slight consumer slow down trend, see the notable restaurants down three 3, 4 or 5%. finally, sue, the bank index dropped here today and i can telling you the reason for that one today. elizabeth warren named the senate banking committee. ms. warren is a leading supporter of being very aggressive on banking regulation. the minute we sort of got confirmation of that, see the bank stocks moving to the down side
bob pisani is here on the floor of the nyse, steady as she goes, caught in the narrow range today. >> sectors either side of positive or negative, a few individual groups are meeting, i want to highlight, a lot of questions about the retailers. historic high yesterday a number very weak. a lot of questions on gap. the reason gap is down is made some very cautious comments on gap, citing competition concerns, specifically talked about kohl's high inventory level that might cause them to be...
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Dec 18, 2012
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right now to weigh in on cnbc contribute richard bernstein and jeff tanose of jpmorgan and our own bob pisani. gentlemen, thanks for joining us. rich, what do you think about fundamentals going into 2013, corporate sector, economics? >> i'm actually quite bullish about 2013. i think we're going to start getting, as the year goes on, easier comparisons for corporate profits. the corporate sector as we know is loaded for cash. i think when we get beyond this uncertainty and corporations have more certainty, i think we're going to see an m & a wave because they have underinvestmented for the future by hoarding all the cash so i think they will have to buy growth so i think 2013 could be a very good career. >> what do you think, joe? >> i agree. everything we've been dealing with the past year has been the uncertainty. is it europe, the election? is it the fiscal cliff, but as you go through those one by one, the election is now behind us. i do believe we'll have a resolution on the fiscal cliff and if you look at europe, the ecb put a gigantic band-aid on this so next year will be a big y
right now to weigh in on cnbc contribute richard bernstein and jeff tanose of jpmorgan and our own bob pisani. gentlemen, thanks for joining us. rich, what do you think about fundamentals going into 2013, corporate sector, economics? >> i'm actually quite bullish about 2013. i think we're going to start getting, as the year goes on, easier comparisons for corporate profits. the corporate sector as we know is loaded for cash. i think when we get beyond this uncertainty and corporations...
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Dec 20, 2012
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let's get straight down to bob on that deal in which you are standing. feels like a young tech upstart here getting hands on what, 200-year-old icon of american capitalism. most people are realists and recognize this is good deal for shareholders as well as companies diversified now. i've gotten questions about why it is 33.13 is the deal, why is it trading at 32. that's less than five percent december count. i don't think that is unreasonable at all. here are other exchanges. ice, this is interesting. down just fractionally here. indication of the strength of that particular deal. i want to show you charles schumer's comment. he just came out with a comment on that deal. they get his blessing, by the way, they are assuring me they are keeping the floor open. also keeping the stock exchange name and brand. they will keep the name as a subsidiary but mandy, we don't know what the official company name will be. we don't know if nyse will be in the title. if they just call it global exchange, i think that's a real sign that down the road they might want to
let's get straight down to bob on that deal in which you are standing. feels like a young tech upstart here getting hands on what, 200-year-old icon of american capitalism. most people are realists and recognize this is good deal for shareholders as well as companies diversified now. i've gotten questions about why it is 33.13 is the deal, why is it trading at 32. that's less than five percent december count. i don't think that is unreasonable at all. here are other exchanges. ice, this is...
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Dec 18, 2012
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bob pisani told us on "street signs" how home builders are 2012 strongest index. the question, does that signal a housing rebound? let's bring in president and ceo of team investments. great to have you here. >> thank you so much. >> what do you think? we've had a pretty good rebound and stocks going gang busters, how much more can we eke out. >> nobody will see a boom. we'll see a lot of short sales. banks are realizing they make more money short selling than for clothesing so we'll see a lot of short sales. a lot of traditional sales. as the market rises, those people that couldn't sell are going to be able to sell. those are two really good signs. we're going to see interest rates stay low for the first half. >> they will stay low but can we take advantage of it. i applied for refi, i pay bills on time, i still haven't closed, so long to get documentation done. >> i think that's why we'll see them stay low through the first half. what they really need to do is raise those rates a hair and lower criteria for lending. we need to see that happen. >> if you needed
bob pisani told us on "street signs" how home builders are 2012 strongest index. the question, does that signal a housing rebound? let's bring in president and ceo of team investments. great to have you here. >> thank you so much. >> what do you think? we've had a pretty good rebound and stocks going gang busters, how much more can we eke out. >> nobody will see a boom. we'll see a lot of short sales. banks are realizing they make more money short selling than for...
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Dec 3, 2012
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what happened at the end of the day, bob? >> the important thing is we had a lot of buy-in balances but met with selling. the volume picked up, heading toward 650 million shares. i think heavier on the volume side. buy orders were matched with sell orders. we got a counterproposal on the fiscal cliff. the bad news is they are very far apart. the other thing, there's a dawning realization we're in a new era of austerity. american austerity is beginning in 2013 and that's beginning to dawn on a lot of people. >> gordon is with us. let me ask you the same question, what happened at the end of the day here? you had about almost a billion to buy and ended lower. tell us how the end of day finish and what you're expecting. >> end of days have been spectacular here. friday is the craziest closing identify seen down here for a long time. you've seen a lot of activity coming in for the liquidity event, posing imbalances not just being met but reversed. that's the order of trading of the day here going forward. if you look at the month
what happened at the end of the day, bob? >> the important thing is we had a lot of buy-in balances but met with selling. the volume picked up, heading toward 650 million shares. i think heavier on the volume side. buy orders were matched with sell orders. we got a counterproposal on the fiscal cliff. the bad news is they are very far apart. the other thing, there's a dawning realization we're in a new era of austerity. american austerity is beginning in 2013 and that's beginning to dawn...
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Dec 21, 2012
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done here on the floor of the new york stock exchange, bob is here once again. we are held hostage to washington and it is a friday and as you mentioned, the witch going on today. very heavy volume. this is a dangerous market for a lot of investors today. >> yeah. right now the risk is do the down side. unfortunately, the reid, pelosi, mcconnell, dualing pressers, added nothing to the information flow. and unfortunately, didn't do much for the dow or the overall markes to the lift them off of their lows. take a look at dow industrials. big problem is we broke below early morning lows at about 11:30. that's not a good sign. because traders who buy in, trying to trade around the low positions of the day see that, and it makes them much more nervous. hard for us to lift in the middle of the day. take a look at major sectors of big movers recently in the bank stocks and all of the home building stocks, the ones down the most. and of course, the havens, dollar and gold are up today. believe it or not, we hit the highest levels in the vicks. sue? >> thank you. >>> up
done here on the floor of the new york stock exchange, bob is here once again. we are held hostage to washington and it is a friday and as you mentioned, the witch going on today. very heavy volume. this is a dangerous market for a lot of investors today. >> yeah. right now the risk is do the down side. unfortunately, the reid, pelosi, mcconnell, dualing pressers, added nothing to the information flow. and unfortunately, didn't do much for the dow or the overall markes to the lift them...
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Dec 18, 2012
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don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. so why exactly should that be of any interest to you? well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents. and the panama canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas
don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. so why exactly should that be of any interest to you? well, in that time...
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Dec 19, 2012
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he agree with bob here. absolutely. the central banker was the person of the year, same way the personal computer was years ago and you were, you know, as they put up a mirror, the most influential people this year were central bankers from japan to the united states to europe to mark carnie pulled out of canada to be uk central banker. that's the big story. >> my people of the year would have been the teachers and students of sandy hook elementary. i think they have changed america forever. sue? >> i second that one, ty. >>> coming up, kayla with a very interesting app from bank of america. >> it is like the ghost of christmas future and we are all ebenezer scrooge. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropiu
he agree with bob here. absolutely. the central banker was the person of the year, same way the personal computer was years ago and you were, you know, as they put up a mirror, the most influential people this year were central bankers from japan to the united states to europe to mark carnie pulled out of canada to be uk central banker. that's the big story. >> my people of the year would have been the teachers and students of sandy hook elementary. i think they have changed america...
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Dec 11, 2012
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and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements at this point. conrad said more, not less, should be included in some sort of a big deal. by big deal, he means over $4 trillion. we are now just 20 days away from the fiscal cliff deadline. we continue to bring both sides of the aisle to sit down together. congressman sander levin is a ranking member of the house ways and means committee. and a republican from new jersey, the vice chairman of the house budget committee and a member of the house financial services committee. gentlemen, thank you both for being here. >> thank you. >> we just sat down with senators conrad and corker. they seem to agree on a lot of areas. one of those areas is they think we need to negotiate up from this point, not down from this point and cut some sort of a deal that is 4 trillion or greater when you add up the tax increases. congressman levin, would you agree with that, going up n
and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements at this point. conrad said more, not less, should be included in some sort of a big deal. by big deal, he means over $4 trillion. we are now just 20 days away from the fiscal cliff deadline. we continue to bring both sides of the aisle to sit down together. congressman sander levin is a ranking member of the house ways...
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Dec 19, 2012
12/12
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bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. just a few minutes before we close out session, the volatility index is up better that be 10%. take a look. what does this tell you in the investor we bring into the conversation right now michael pento along with brian beleskey from bmo capital market. thanks so much for joining us. michael, what's your take on this volatility index? >> it's been a lousy investment. you can't buy volatility,
bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores....
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Dec 28, 2012
12/12
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bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. . >>> another day, another step closer to the edge. talking about the fiscal cliff, of course. how are traders protecting themselves from the worst? let's find out from brian stoutman, an expert in hedging your portfolio against volatility. brian, good to have you with us. how are traders like yourself looking to protect themselves? >> well, certainly midday we saw options traders in the pit buying protection against their portfolio or shorting the market by buying some puts. what they did is went into the spiders, and we saw a purchase of about 5,000 puts of the 141 strength for 2.35. these options expire in two weeks so they are weekly type options and saw a lot of activity. the vix spiked extremely hard in
bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. . >>> another day, another step closer to the edge. talking about the fiscal cliff, of course. how are traders protecting themselves from the worst? let's find...
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Dec 21, 2012
12/12
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i have the exact guest we need today, tennessee senator bob corker. welcome, bob corker. i want to start out with a little bit here, know your players. when i go to a game i buy a program so you know the players. but misrepresenting the outcome of the election, listen, the president, more on social issues, the people of this country are concerned about deficits too. there was no mistake the power still remains to the fiscal conservatives in the house. by dismissing the fact that when you spend $3.8 trillion and it results in going to be four years running of over $1 trillion deficits, to talk about $70 billion of savings or deficit reduction by taxing the upper 2%, the 7% nonsolution, well, they didn't take them serious. the media spins it and this is what happens. i'm not surprised by the vote, senator. are you? >> republicans are unified wanting to reduce spending and especially focus on entitlement reform. so it is amazing, rick, in a country as great as ours where every developed country in the world knows our greatest threat is solvency, fiscal solvency, that we have
i have the exact guest we need today, tennessee senator bob corker. welcome, bob corker. i want to start out with a little bit here, know your players. when i go to a game i buy a program so you know the players. but misrepresenting the outcome of the election, listen, the president, more on social issues, the people of this country are concerned about deficits too. there was no mistake the power still remains to the fiscal conservatives in the house. by dismissing the fact that when you spend...
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Dec 5, 2012
12/12
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thank you, bob pisani. we'll cover apple in-depth later in the hour. >>> it is worth taking another look at citi. trading up almost 6.5% at $36.49. the banking giant slashing 11,000 jobs, taking up to $1 billion in charges. the chief financial officer is speaking right now and kayla tausche is listening in to that conference call. >> city's cfo is just ending his prepared remarks right now at the goldman sachs financial services conference but he mentioned those layoffs right out of the gate. addressing the morning's announcement which he said is straight to the heart of citi's mission which is getting back to the basics of individual banking. among those 11,000 job cuts though, more than half will take place in the consumer banking business abroad. the bank will exit regions like pakistan and paraguay that haven't been profitable. 1,900 jobs will come from its institutional client's group. they'll start to reassess coverage of certain sectors and geographies in that group. it will close offices underutiliz
thank you, bob pisani. we'll cover apple in-depth later in the hour. >>> it is worth taking another look at citi. trading up almost 6.5% at $36.49. the banking giant slashing 11,000 jobs, taking up to $1 billion in charges. the chief financial officer is speaking right now and kayla tausche is listening in to that conference call. >> city's cfo is just ending his prepared remarks right now at the goldman sachs financial services conference but he mentioned those layoffs right out...
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Dec 27, 2012
12/12
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don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and be
don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. we believe the more you know, the better you trade. so we have ongoing...
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Dec 12, 2012
12/12
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i'm bob simon. in this edition, we examine two very different kinds of fraud. bernie madoff's wife and surviving son break their silence about wall street's most infamous criminal. and later, we visit a high school con man who figured the best way to make the grade was to cheat the s.a.t.s but first, in december 2008, bernie madoff confessed to running a $65-billion ponzi scheme, the largest financial fraud in history. while madoff is serving 150 years in prison, his family had to deal with the consequences of his crimes. his wife ruth divested of most of her great wealth and derided by a suspicious world. their son mark dead, driven to suicide by shame and accusations of guilt. their other son andrew isolated, trying to live with the disgrace. are they innocent or willing partners? in october of 2011, ruth and andrew gave their first interview since bernie madoff's arrest. they sat down with morley safer to speak out about crime, punishment, and the shame of being a madoff. >> it's a tough name to live with. >> it sure is. >> ruth madoff. you feel the shame? >
i'm bob simon. in this edition, we examine two very different kinds of fraud. bernie madoff's wife and surviving son break their silence about wall street's most infamous criminal. and later, we visit a high school con man who figured the best way to make the grade was to cheat the s.a.t.s but first, in december 2008, bernie madoff confessed to running a $65-billion ponzi scheme, the largest financial fraud in history. while madoff is serving 150 years in prison, his family had to deal with the...
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Dec 12, 2012
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with key private bank in cleveland and michael pento of pento portfolios, no idea where you are, and bob pisani on the floor of the new york stock exchange. what did you make, stephanie, of today's market action? you're the trader and follow the short-term swings. what was the message of the market do you think today? >> the message is the market is nothing is really going to change. interest rates will be low for an extended period of time. the fact that they tied the rates to unemployment, a little bit of a twist to the story, but it means that rates stay low. i think that the housing theme continues. i think that financials continue to work because even though you have a flat yield curve they are a beneficiary of the housing cycle, and away from all of this you focus on what happens internationally and china continues to recover. europe looks like it's stabilizing and we didn't change our strategy based on the news, just a little bit more of what you're doing. >> randy, anything change for you? >> no, not really. what we're watching is the parallels that occur now, where we stood with
with key private bank in cleveland and michael pento of pento portfolios, no idea where you are, and bob pisani on the floor of the new york stock exchange. what did you make, stephanie, of today's market action? you're the trader and follow the short-term swings. what was the message of the market do you think today? >> the message is the market is nothing is really going to change. interest rates will be low for an extended period of time. the fact that they tied the rates to...
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Dec 13, 2012
12/12
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it's like what bob pisani said. this is just what the traders wanted. okay i'm done, you go. >> let me quiz for you for a second. if they were so concerned about this imbalance, which ostensibly is about the inability of the u.s. government to pay its bills, why aren't they selling the very paper they appear to be buying with abandon? >> because they would like to continue to contribute tax revenues to the ever-growing deficit and money. >> need for employee -- >> but agreement to making money are two different things. >> talk to the guys behind you and find out if they so think the u.s. is -- >> -- exchange guys. these are foreign exchange guys. >> get into the other pit there. go take a walk and come back. i don't get it. if they so think we're out of whack why aren't they selling? >> come over here anthony. all right. hold on. i'll translate. give me the question. >> here's the question. >> steve liesman has a question. >> if the u.s. fiscal situation is so out of balance, if the country is so bankrupt, why isn't he selling paper? why is everybody ou
it's like what bob pisani said. this is just what the traders wanted. okay i'm done, you go. >> let me quiz for you for a second. if they were so concerned about this imbalance, which ostensibly is about the inability of the u.s. government to pay its bills, why aren't they selling the very paper they appear to be buying with abandon? >> because they would like to continue to contribute tax revenues to the ever-growing deficit and money. >> need for employee -- >> but...